If you cringe when you hear the phrase “tight budget,” you’re likely not alone. I cringe too. I don’t want to be known as a tight-wad when it comes to money. And I don’t think that I am. I have been blessed in many ways over the years, but there have certainly been times when money has been tighter than others.
I suppose it’s a loaded question anyway. Is there just one right answer? I don’t think so. I think there are some principles that can help you find a balance that works for you. After all, they do call it, personal finance!
What constitutes a “tight budget,” anyway?
I would say that “tight budget” is relative to your spending situation before you started focusing on your finances. Our budget is far tighter and focused simply by budgeting all of our income before the month begins. There are certainly fun things that we budget for, but it’s intentional now that we’re budgeting.
It all comes down to managing the tension and stress that comes with personal finances. Most people struggle with feeling like they never have enough. Or that their not as far along financially as they wish. Heck, I struggle with this sometimes, too. It’s natural, and a bit of tension can help keep us motivated.